Banco BPM S.p.A. (OTCMKTS:BNCZF) Sees Large Increase in Short Interest

Banco BPM S.p.A. (OTCMKTS:BNCZF) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 5,168,100 shares, an increase of 57.1% from the November 30th total of 3,289,400 shares. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is currently 3,691.5 days.

Banco BPM Price Performance

Shares of BNCZF remained flat at $8.16 during mid-day trading on Friday. Banco BPM has a 12 month low of $6.61 and a 12 month high of $8.37. The firm has a 50-day moving average of $7.16 and a two-hundred day moving average of $6.35.

About Banco BPM

Banco BPM S.p.A., together with its subsidiaries, provides banking and financial products and services to individual, business, and corporate customers in Italy. It offers current account and digital services; home, personal, heritage, multi-risk, and car and vehicle insurance; credit, debit, and prepaid cards; deposit paper; trading and mobile platform; web platform; home and subrogation mortgagees; long term car rental; personal loans; and mutual investment funds, insurance investment products, saving, and social security products.